The Great Resignation and Healthcare CEOs - McDermott Will & Emery

The Great Resignation and Healthcare CEOs

| |

Overview


The social and economic phenomenon known as “the Great Resignation” is now impacting hospital and healthcare CEOs. This, according to important new analysis from the well-known outplacement and search firm Challenger Gray & Christmas. To provide boards with a perspective on rising incidents of CEO resignation and their impact on healthcare organizations, we turn to our quarterly conversation with John Challenger and his latest survey findings on the CEO employment status.

In this episode, host Michael Peregrine and John Challenger offer members of the board executive search, finance and HR committees an important update regarding CEO resignation trends, as well as an interpretation of economic data as it may impact health systems. Insights include:

  • Findings from the Challenger, Gray & Christmas report and their implications for the board’s search and succession process.
  • Recommendations to boards regarding CEO monitoring and succession planning.
  • How cultural changes and concerns are prompting the increase of CEO resignation.
  • Key warning signs of CEO fatigue.
  • Observations regarding leading economic indicators in the second quarter; e.g. inflation, unemployment rate and job participation statistics.
  • Final words of caution for board consideration.